Tesla Invests $1.5B in Bitcoin, Plans to Accept Crypto Payments
Tesla also expects to begin accepting bitcoin as a form of payment for its products "in the near future."
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Following in the footsteps of Tesla, the home warranty company American Residential Warranty (ARW) says it will accept cryptocurrency payments for its services. In addition, the company also plans to acquire and hold bitcoin as part of its strategy “to expand its investment portfolio and boost returns on cash.” In his statement following the announcement, Josh Brauser, the company’s chief revenue officer said that by adopting crypto payments, ARW is demonstrating that it is a “tech-forward company that adapts quickly to emergent technologies.” “As....
Cryptocurrencies have made inroads into the business strategies of some of the leading companies in the world. The recent announcement by leading electric automobile manufacturer, Tesla regarding its acquisition of $1.5 billion worth Bitcoin and its plans to accept crypto payments is a glaring example of such a shift. As big brands and businesses line […]
Tesla now accepts dogecoin for some merchandise on its website. CEO Elon Musk delivered on the promise he made in December that his electric car company will accept DOGE. Meanwhile, Tesla still has not resumed accepting bitcoin.
Dogecoin Now Accepted for Select Tesla Merchandise
Elon Musk’s electric car company, Tesla, has begun accepting dogecoin payments for some merchandise. CEO Elon Musk announced early Friday morning on Twitter, “Tesla merch buyable with dogecoin.” He first tweeted in December last year that Tesla will accept DOGE.
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The Dubai airline Emirates plans to accept Bitcoin payments in the future, as well as launch NFTs on the website, as per a report. Emirates Airline Plans To Add Bitcoin As A Payment Service As reported by Arab News, one of the world’s largest airlines has shown intent to add crypto payments and offer NFTs […]
The publicly listed firm Tesla has announced in a Securities and Exchange Commission (SEC) Form 10-k filing that the company has purchased $1.5 billion worth of bitcoin. When the news broke, the price of the leading crypto asset jumped well over 15%, touching a new all-time price high at $44,899 per coin. Tesla, the American electric vehicle and clean energy company based in Palo Alto, California has revealed the company has invested in bitcoin (BTC). This is following the great number of dogecoin (DOGE) tweets stemming from the Tesla founder Elon Musk during the last two weeks. The 10-k....